Originally Posted by
millmoormagic
Kerr, please stop including other costs, the other costs arent included in this argument,what don't you get about that, you're picking figures out of thin air trying to justify a false position.....
Please take into account the cost of corporation tax, for each dealer, one in the UK and one in Germany, their costs are in line with what the corporation tax rate is, so for example the German dealer will be 10% dearer, the UK raises their corporation tax 5%, this means that it is still cheaper by 5% than the German dealer, regardless of other costs, because corporation tax is already included in all those costs...or you could just do it like this....
Take all costs out of the equation, here's the only equation that matters in this argument;
So, let's take Germany as our example, the UK has a corporation tax of 20%, if Corbyn gets in power we raise that to 25%....Germany's corporation tax rate is running at 30%...
So, we've gone from having a tax at a rate of 10% lower to one of 5% lower...so any companies will obviously be LESS attracted, but will still be better off here.
This question is purely about corporation tax, get with the programme eh....
I see you have mentioned Osborne and put him up as a shining light of economics, please tell me how much the national debt has risen under his tenure, while we're at it, the London Standard has just released it's figures and has lost £10 million since he took over as editor, yep, he's got his finger on the pulse that lad.